Summary by Futu AI
Wheeler Real Estate Investment Trust Inc. announced on June 3, 2024, that it has received a notification from the Listing Qualifications Department of The Nasdaq Stock Market LLC confirming the company's return to compliance with the Nasdaq Listing Rule 5550(a)(2). This rule requires the company's common stock to maintain a minimum bid price of $1.00 per share. Wheeler had previously reported a bid price deficiency on December 13, 2023, but has since achieved the necessary bid price over the required period, effectively resolving the issue and closing the matter.